Remodeled
For Sale
$1,100,000
310 E 81st, Los Angeles, CA 90003
A corner-lot residential property offers on-site parking for its four units.
Property Size2,926 SF
Days on Market8
Property Features for 310 E 81st
General Information
Standard status
Active
Size
2,926 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Building Details
Building Size
2,926 SF
Year Built
1925
Listing Agency:
REGIONAL REAL ESTATE
Listed By:
Antonio Sanchez · License #01322104
(626) 926-4842
Source:
Archetyperealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 13 at 1:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REGIONAL REAL ESTATE
Investment Insights
Based on property information with market context.
Built in 1925, this four-unit residential property has undergone interior remodeling. Some units feature granite countertops and updated bathrooms. The building occupies a corner lot with on-site parking.
Key Highlights
- Four residential units
- Built in 1925
- Interior remodeling includes granite countertops in some units and remodeled bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,239
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,780
$1.3M
Cap Rate 7%
$946,271
$946.3K
Cap Rate 9%
$735,989
$736.0K
Market Conditions
NOI Build-Up for 2,926 SF
Gross rent
$96.6K $33.00/SF
− Vacancy
−$1.9K −$0.66/SF
EGI
$94.6K $32.34/SF
− OpEx
−$28.4K −$9.70/SF
NOI
$66.2K $22.64/SF
Area
ZIP 90003
Vacancy
2.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,780
Cap Rate 7%
$946,271
Cap Rate 9%
$735,989
Alternative Uses
Best Use
Apartment 5plus
$51.73M
$45.26M – $60.35M
NOI $3,621,083 @ 7.0% cap · market cap 329.19%
Second Best
Multifamily LT 5
$946.3K
$828.0K – $1.10M
NOI $66,239 @ 7.0% cap · market cap 6.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,696
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - A corner-lot residential property offers on-site parking for its four units.
Where is this quadplex located?
The property is located at 310 E 81st Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four residential units; Built in 1925; Interior remodeling includes granite countertops in some units and remodeled bathrooms
